Visual Basic for Applications (VBA) – Why is it helpful for Finance Professionals?

“First, solve the problem, then, write the code.” –  John Johnson

Visual Basic for Applications (VBA) is an implementation of Microsoft’s event-driven programming language, Visual Basic 6, and its associated integrated development environment (IDE). It is used to control many things related to the host application, while it is of great help and assistance in manipulating the user interface features including menus and toolbars. It enables users to work with custom user forms and dialog boxes. As its name implies, VBA is closely related to Visual Basic and uses the Visual Basic Runtime Library, but it can normally only run code within a host application rather than as a standalone program.

Visual basic for applications – VBA is very much helpful for Finance professionals for a variety of reasons. Finance professionals can draw various benefits from Visual Basic for Applications (VBA), because it adds additional functionality to Microsoft Office Applications such as Microsoft Excel. It enables the users to do custom programming and automation which helps greatly to develop financial models. One of the most important things to be noted with regard to the Visual Basic for applications (VBA) is that it allows finance professionals to increase the efficiency in their related tasks that are to be performed on regular basis, on the other hand, it provides the flexibility in their overall job activities by accessing data. Another great benefit which is to be attained through Visual Basic for applications (VBA) is its programming techniques. Once it is learned and understood, it can aid them greatly to automate several tasks by reducing their time, efforts and energy to a great extent. Other benefits includes not only programming techniques, but its practices in developing various individuals reports, as Visual basic for applications – VBA aids finance professionals immensely to prepare reports tailored to their particular information needs as and when needed.

While it’s being discussed as to how helpful is Visual basic for applications – VBA for finance professionals and highlighting its importance and benefits, it is important to mention that it is not confined to some particular tasks of the professionals, but it has greater capability which can be unleashed for the tasks that are to be performed by the following professionals:

  • Financial Accountants
  • Finance Managers and Administrators
  • Management Accountants
  • Financial Planners
  • Financial Analyst
  • Financial Business Analysts and Advisors
  • Corporate finance teams
  • Management Reporters
  • Financial Controllers
  • Finance Directors
  • Budgeting/Forecasting Managers
  • Strategic Planning Manager
  • CFOs
  • CEOs, Managing Directors & General Managers

There are lots of benefits available to finance professionals using Visual Basic for applications- VBA. They can learn, understand and explore more ways in addition to doing their routine tasks. That means, they can find more ways to know what can be done to improve their performance at work. As regards the loops to repeat common tasks, they are enabled to improve their efficiency in business processes. They develop their skills of using macros or creating and editing their own codes and linking to keys that the whole process may be automated successfully where by improving their productivity. Since it is important to share data and integrate workflows with other databases and applications, Visual Basic for applications has sufficient functions and ability to carryout particular set of operations successfully.

Take a look at Professional Presentations

Written by:
K. A. Fareed (Fareed Siddiqui)
Writer, Trainer, Author, Blogger, Software Developer
BBA, MBA-Finance, MPhil-Financial Management, (MSc-Software Engineering)
(PhD-Management)
MA-English, MPhil-English
Post Graduate Diploma in Computer Applications and Programming
Certificate course in English language proficiency
Level 1 – Leadership and Management ILM – UK
Pursuing CMA-USA
Individual Member of Institute of Management Consultants of India

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